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Regional Development: Faster Funding for Economic Recovery

added: 13-02-2009

Faster, more flexible funding for regional policy projects will help EU economic recovery, but faster funding must not mean looser rules, said the Regional Development Committee.

One in Nine Americans Have Contemplated Bankruptcy

added: 13-02-2009

The ongoing recession - with rising layoffs, home foreclosures and credit defaults - is clearly placing pressure on the finances of millions of Americans.

Bankrate: Mortgage Rates Reverse Course

added: 13-02-2009

Mortgage rates fell sharply from one week ago, with the average 30-year fixed mortgage rate dropping from 5.70 percent to 5.34 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.37 discount and origination points.

Industrial Production Down by 2.6% in Euro Area in December 2008

added: 12-02-2009

In December 2008 compared with November 2008, seasonally adjusted industrial production fell by 2.6% in the euro area (EA15) and by 2.3% in the EU27. In November production decreased by 2.2% in both zones.

EU Must Step up and Coordinate Support Measures for the European Economy and Automotive Industry

added: 12-02-2009

The European automotive manufacturers urge the EU to intensify and coordinate efforts to restore the functioning of the financial market and overcome the current crisis. The vehicle industry, in particular, needs significantly broader and quicker access to financial support through the European Investment Bank as part of a broader set of measures to survive the economic turmoil, ensuring innovations in low-carbon technologies and maintaining the high-skilled workforce Europe needs.

Properly Functioning Banking Sector Essential for Recovery Plans to Work

added: 12-02-2009

Homeowner Perception Changing: Most No Longer In Denial About U.S. Housing Slide

added: 12-02-2009

American homeowners' perceptions of the value of their own homes moved more in line with reality at the end of 2008, at least when it came to hindsight. More than half (57 percent) believe their own home lost value during the year, according to the Zillow Q4 Homeowner Confidence Survey. This is markedly more than the 38 percent who believed their home's value was declining when asked during the second quarter of 2008.

Working Conditions: Companies Must be Liable for Subcontractors

added: 12-02-2009

Companies must be responsible for the conditions of workers employed by their subcontractors and an EU legal instrument is needed to make sure this is the case say Members of the EP Employment and Social Affairs Committee, referring to the concept of "joint and several liability".

EU: Safer and Easier E-Money Transactions

added: 12-02-2009

E-money services - which store cash in electronic form - should be enhanced by boosting innovation and improving consumer confidence, according to the Economics Committee, which approved an update of the EU legal framework.

Economic Rescue Plans Need EU-Level Coordination

added: 12-02-2009

Stimulating the EU economy and its competitiveness and making financial markets function again are essential to avoid mass unemployment and create new jobs, according to the report drawn up by Elisa Ferreira (PES, PT) on the Commission's European economic recovery plan.

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